Deribit

Options gamma pin at 3k holds Bitcoin in a tight range after new ATH

Options gamma pin at $123k holds Bitcoin in a tight range after new ATH

Bitcoin has set a new all-time high above $121,000, and the options market on Deribit is showing clear signs of hedging pressure and gamma-driven pinning around this level. Traders are in a market structured heavily in favor of upside exposure, with positioning and Greek profiles aligning at a delicate inflection point. Current open interest and […]

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Major Crypto Exchanges to Accept BlackRock’s BUIDL Fund as Collateral

Major Crypto Exchanges to Accept BlackRock’s BUIDL Fund as Collateral

BlackRock’s industry-leading USD Institutional Digital Fund (BUIDL) will become accepted as collateral on Crypto.com and Deribit, two of the industry’s largest exchanges. The move marks a “major turning point,” said Michael Sonnenshein, COO at Securitize, as it provides another option for collateral provision, reported Forbes on June 18. BUIDL is BlackRock’s first Ethereum-based tokenized money

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Will .8B Crypto Options Expiry Impact Market Momentum?

Will $3.8B Crypto Options Expiry Impact Market Momentum?

Around 30,700 Bitcoin options contracts will expire on Friday, June 6, and they have a notional value of roughly $3.2 billion. This week’s event is much smaller than last week’s end-of-month expiry, so the impact on spot markets is likely to be minimal. They have already tanked by $150 billion over the past twelve hours.

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